Answer to Question #253450 in Accounting for Another you

Question

A.Below is theStatement of Comprehensive Income of Company A and B:

Company A and B

Statement of ComprehensiveIncome

For theyear ended, December 31,2020

1.(netsales of Company A is 1,703,960.50. netsales of Comapny B is 372,941.80)

2.(cost of sales in Company A is 1,188,539.00. cost of sales in Company B is 265,100.00)

3.(selling expenses of Company A is 332,502.50. selling expenses ofCompany B is 86,900.00)

4.(General&Administrative Expenses in Company A is 59,950.00. General&AdministrativeExpenses in Company B is 7,315.00)

5. (Interest Expenses of Company A is 9,878.00. Interest Expenses of Company B is 2,477.20)

6. NetIncome of Company A is 113,091.00. NetIncome of Company B is 11,149.60)

Answer the following:

1. Compute for the profitability ratios of Company A and B. Then, whichof the companies is more profitable?

2. Compute for operational ratios of company A and B. Which companies is more efficient?

3. Compute for the financialhealth ratios of CompanyA and B. Which company is more financially healthy?

Answer 1

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